Positive Outlook for LiveRamp Holdings Amidst Revenue Growth and Diverse Sector Expansion

Analyst Mark Zgutowicz from Benchmark Co. reiterated a Buy rating on LiveRamp Holdings (RAMP – Research Report) and keeping the price target at $45.00.

Mark Zgutowicz has given his Buy rating due to a combination of factors that suggest a positive outlook for LiveRamp Holdings. Despite potential challenges in the data collaboration segment, which accounts for a significant portion of subscription revenue, the overall revenue growth forecast remains conservative yet promising. The company’s recent performance showed an acceleration in net revenue retention and remaining performance obligations, with a substantial portion of new and upsell revenue coming from diverse sectors beyond retail and consumer packaged goods.
Moreover, LiveRamp’s long-term revenue growth target aligns with expectations of a balanced contribution from existing and new customers. The analyst anticipates that if the company does not report significant headwinds in new customer demand, there could be upside potential to the current fiscal year 2026 estimates. Additionally, the management’s guidance on subscription versus data marketplace revenue, cost assumptions, and updates on key revenue sources like Oracle and connected TV contributions are expected to further support the positive outlook.